non-profit organization

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Nonprofit Organization

An organization that operates as if it were a business but does not seek a profit. Common examples of nonprofits include charities, private schools, and think tanks. Nonprofits do not pay taxes; donations to many are tax-deductible, at least up to certain limits. In order to qualify for this status, however, a nonprofit must register with the IRS, under section 501(c) of the tax code. See also: 403(b).

non-profit organization

an organization which attempts to achieve an objective other than profit, for example, a charity.

Organised by the Ministry of Manpower, in collaboration with Information Technology Authority (ITA) and the Ministry of Commerce and Industry, the joint meeting included public organisations such as the Ministry of Health, the Ministry of Regional Municipalities and Water Resources and the Royal Oman Police (ROP) involved in dealing with non-profit organisations. The meeting sought to revise and standardise procedures and enhance the electronic linkage among these organisations.

Signatories include a wide range of organisations among which are corporates such as Lego, Microsoft, Sabic, Toyota, UBS and Unilever and smaller, non-profit organisations such as Injaz, the King Khaled Foundation and WWF.

The Bayt.com 'Working for Non-profit Organizations in the MENA" poll, recently conducted by Bayt.com, has revealed that despite the majority of Middle East and Africa (MENA) respondents believing that non-profit organisations offer less pay and demand more personal sacrifices, 47.5 per cent of them would 'love' to work in the sector.

A majority of Middle East and Africa (Mena) employees will be willing to work for non-profit organizations even when they believe that non-profit organisations offer less pay and demand more personal sacrifices, a study said.

The financial terms of the deal were not revealed.The acquisition helps 2Dialoga[euro](tm)s efforts to meet increasing demand from non-profit organisations seeking fundraising online as well as offline, while boosting its ability to back multichannel marketing campaigns with integrated data, the buyera[euro](tm)s president Deon Appelgryn said in a comment.

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